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Moody's: Outlook for Chinese rated corporates is stable in 2019 but challenges growing
Moody's Investors Service says the outlook for Chinese non-financial corporates remains broadly stable for 2019, supported by expected GDP growth of 6%. "However, slowing economic growth, tighter funding conditions and the potential for a further escalation of US-China trade tensions will create challenges," says Lina Choi, a Moody's Vice President and Senior Credit Officer. Moody's expect China's GDP growth will slow to 6% in 2019 from its expectation of 6.6% in 2018. The slower, albeit still solid, economic growth will limit corporates' earnings growth and will impact sectors in different ways. One of the primary ... (full story)